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O.C.G.A. § 11-9-401

Alienability of debtor’s rights

Applied in 2 court decisions — leading case Tidwell v. Bethlehem Steel Corp. (In Re Georgia Steel, Inc.) (1985)

Most recently applied in 727 F. Supp. 1444 - Bartolan, Inc. v. Columbian Peanut Co., Inc. (December 1989)

to effect a levy of execution, see 12 Ga

(a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) of this Code section and Code Sections 11-9-406, 11-9-407, 11-9-408, and 11-9-409, whether a debtor’s rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article.

(b) Agreement does not prevent transfer. An agreement between the debtor and secured party which prohibits a transfer of the debtor’s rights in collateral or makes the transfer a default does not prevent the transfer from taking effect.

Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.